article thumbnail

The Unique Struggles of Being a Young Landlord

Prairie Eco-Thrifter

We rent to my brother, but prior to our current arrangement, we were looking for a tenant for the time period between when the suite was ready, and when my brother was going to move in. It became apparent that there are some unique challenges of being a young landlord. Tenants are More Relaxed – In a Bad Way.

Landlord 196
article thumbnail

Save Money on Rent

Prairie Eco-Thrifter

Years ago, we rented a unit in one of two quadruplex buildings owned by our landlord. To save some money, we asked the landlord if we could start a vegetable garden in the area outside our unit. The landlord also let me pick some of the seeded concord grapes growing up the hill. Here’s how we saved money on rent.

Rent 185
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Should You Buy a House Now?

Prairie Eco-Thrifter

If you have the temperament to become a landlord, you can purchase the home and then rent it out, earning money each month. If you are buying a home to serve as an income property, you might be able to afford to spend a little more (assuming you can find a tenant to pay rent regularly) than if you simply plan to move in and raise a family.

Buy 217
article thumbnail

Money Matters: Why January is the Best Time for a New Rental

Motherhood Moments

Landlords will be more available. Just like movers, landlords tend to be less busy during the winter. Landlords might also have more time to devote to maintenance and repair work right now,” points out Bordo. “If Utilities: Your landlord probably isn’t going to pay your energy or Internet bill.

January 100
article thumbnail

50 Best Small-Business Ideas – NerdWallet

Savings Corner

Or, you could buy property of your own (if you have the business funding, of course) becoming a property manager or landlord, renting out the space to tenants, maintaining the property and serving as their point of contact for any potential issues.

article thumbnail

Which Type of Home Should You Buy?

Prairie Eco-Thrifter

It has an income suite, so we live in about 1300 square feet of the house, and our tenant (my brother) lives in the basement suite. We ended up in a 2.5 story, 2500 square foot house on a corner lot in an established neighbourhood in what is our perfect location. Condos are ultimately the least work. What type of home do you live in?

Home 193
article thumbnail

House & Home - Don't Rent a Single-Family Home Without Asking These Questions

Motherhood Moments

As a tenant, you’ll be responsible for monthly costs like water, gas, electricity, and Internet. What are our responsibilities as tenants? Landlords or housing associations are often responsible for fixing issues that arise and for maintaining the home’s interior and/or exterior— but not always.

Rent 100